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Gary Anderson

Manufacturing recovery stumbles as factory orders fall again

Manufacturing recovery stumbles as factory orders fall again

There’s been quite a bit of chatter this spring about a rebound in the manufacturing sector. Whether those predictions will hold up is looking less and less certain as new orders tumble. Demand for factory-made goods has fallen three of the past four months, sliding an unexpected 0.6%, or $2.9 billion, in April.  The measure had tanked 2.1% in March, marking the first back-to-back declines in more than three years. Machinery orders plunged 2.9%; requests for cars, computers and electrical equipment also fell, according to the Commerce Department. Demand for non-durable goods – items designed to last less than three years – dipped 1.1%. Shipments are down for the...

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